$ZRO ZRO/USDT Analysis: Bearish Sentiment Following All-Time High

Market Overview:

• Last Price: $6.2505 (-0.87%)

• 24H High: $6.78 – Rejected strongly from the peak.

• 24H Volume: $1.18B – Heavy trading but momentum slowing.

Key Indicators:

1. Moving Averages:

• MA(5): $6.2666 – Indicating a short-term bearish crossover.

• MA(50): $5.6271 – Strong support but far from current price, signaling room for correction.

2. RSI Levels:

• RSI(6): 41.17 – Momentum declining sharply into neutral-bearish territory.

• RSI(12): 54.44 – Further confirming weakening buying pressure.

3. MACD:

• Bearish crossover evident; momentum turning negative.

4. OBV:

• Volume divergence spotted; selling pressure increasing, indicating long liquidations.

Support & Resistance Levels:

• Immediate Resistance: $6.50 – Likely to act as a cap in the short term.

• Key Support 1: $6.00 – First level for potential bounce.

• Key Support 2: $5.60 – Strong support aligning with MA(50).

Swing Traders’ Strategy:

• Short Entry: Consider shorting between $6.40–$6.50.

• Target 1: $6.00.

• Target 2: $5.60.

• Stop-Loss: $6.80 (above ATH breakout risk).

Summary:

ZRO has peaked at an all-time high, and signs of bearish reversal are growing. Heavy liquidation of long positions could drive the price lower. Traders should exercise caution and prepare for a correction to retest key support levels. Tight risk management is essential to navigate volatility.